Imagine you are throwing a party for your friends and at the time of check you realize that you have run out of cash at the very moment. Nothing can be more embarrassing than asking your friends or family for cash or searching for the nearby ATM at that moment. There was a time when before going out you need to look for your wallet and cash in it. Or either has to depend on debit or credit cards, but not every shop has card swipe machines.
But in today’s time, digital money has taken every possible space in money transactions. People can now pay thousands of bucks by just a few taps on the mobile screen. There are online money transfer apps that are directly linked to your bank account. These apps can help you in making an online payment, transferring money to your loved ones, complete bill payments and even send money to bank accounts by just account number.
Luckily, there are a plethora of apps available among which we can choose to send money to anyone else.
List of Best Money Transfer App
1. Google Pay
Backed by one of the largest tech companies and search engine giant Google, Google Pay helps you do UPI money transfers, mobile recharges, utility bill payments, insurance premiums, and payments to business. It is a very user-friendly and secure online payment app that is getting used by millions of Indians daily. The most attractive thing about this app is that for every payment more than Rs. 150, the user receives a scratch card on which he can win up to 1000 rupees.
Features:
- Get Exciting Rewards
- Multiple layers of security from the bank and Google
- Mobile Recharge Plans
- Account Balance Check
- QR Code Payments
- Book Flights, Bus tickets, and even order meals
- IRCTC train tickets
- Pay online
Present Rating: 4.3
No of Downloads: 100 million +
2. PhonePe
PhonePe online payments app allows you to use BHIM UPI, credit card, debit card, and wallet to make instant payments, recharge mobile phones, pay utility bills. You can make the payment offline as well as online. It is an official payment partner of Flipkart.
The users can request and send money to their contacts anytime. The users can also send money to the bank account using the user bank account number (in case the user hasn’t signed up on PhonePe). It meets all the banking requirements and is much better and more comfortable than internet banking. Like Google Pay, it also has features for recharges and online utility bills.
Apart from this on the PhonePe switch, you can order your favorite food by different food partners, book tickets for traveling and do online shopping. Order food on Domino’s, Faasos, eat. fit, Box8, and more food apps. Make travel bookings, shop, play & do more.
Features:
- Buy PhonePe Gift Cards
- Shopping for groceries, medicines, etc.
- Make payments offline on food & shopping outlets like KFC, CCD, Pantaloons, etc.
- Pay easily online on sites like Flipkart, Myntra
- Save tax quickly and easily by investing in Tax Saving Funds on PhonePe
Present Rating: 4.4
No of Downloads: 100 million +
3. Mobikwik
This is another popular online payment app in India. You can use it for mobile recharge, postpaid bill payment, DTH recharge, merchant transactions, as well as insurance payments. You can also transfer money from bank to bank using this app. Users can also use it for financial services like insurance, investments, mutual funds, or for a personal loan. It is used by 107 million users, and every day one lakh transaction are made on the app.
Features:
- Mobile & DTH Recharge
- Money Transfer
- UPI
- Bill Payment
- Online Payments
- Instant Loan
- Mutual funds
- Digital Gold
- Gift Card
- Expense Manager
Present Rating: 4.3
No of Downloads: 50 million +
4. FreeCharge
Freecharge was initially just a mobile recharge app. But since its evolution, it has introduced many other features including online money transfer. Now you can recharge the mobile, pay bills, pay insurance premiums, transfer money, invest in Mutual Funds, Digital Gold, Express FD, etc. You can also buy deals from different brands and can earn cashback while paying for movies, food, or shopping.
Features:
- Mutual Funds and Loans
- Buy Digital Gold
- Open a Fixed Deposit in Just 3 minutes by Axis Bank
- UPI Payments
- Google Play Recharges
- QR Code feature
- Deals, Cashbacks, and Discounts
Present Rating: 4.1
No of Downloads: 10 million +
5. Paytm
Paytm is synonymous with a digital payment app. It is the most popular app in India for digital payments, recharge, sending, and receiving money. The app gets a great boost in its popularity after demonetization in India. Paytm is a wholesome app on which you can also do shopping, book tickets for almost every need from travel to entertainment. The app also lets you make investments. The shopping partner app of Paytm, Paytm Mall is directly linked with Paytm.
Features:
- Online Shopping from Paytm Mall
- Paytm First Games
- Metro Card Recharge
- LIC Premium Payment
- Book Tickets for Train, Bus, Flight & Hotels
- DTH, and Mobile Recharges
- Water, Gas, Electricity, and other bill payments
- Entertainment: Movies, Amusement Parks & Events Tickets
Present Rating: 4.4
No of Downloads: 100 million +
6. Airtel Thanks
Airtel Thanks is backed by the telecom giant Airtel. Apart from the traditional features of an online payment app, you can use this app for watching 200+ Airtel Live TV Channels, Movies, and also get Wynk Music for free. You can also keep count of your Airtel Sim data usage and other statuses with this app.
Features:
- Online Prepaid Recharge
- Buy or Upgrade Airtel Services Online
- Postpaid Bill Payment, DTH Recharge
- Broadband Plans/Xstream Fiber
- Watch Airtel TV, News & Movies
- Free Cloud Storage
- Buy or recharge FAStag online
Present Rating: 3.5
No of Downloads: 100 million +
7. Samsung Pay
Samsung Pay is a highly secure mobile payments app. It helps you add your credit and debit card by which you can everywhere. In India, it also supports the Paytm wallet for wallet payment options. Currently, it supports only offline payments using MST and NFC. However, it is supported by only selected Galaxy Smartphones. User needs to sign in with the Samsung Account ID and register Fingerprint or PIN.
Features:
- Highly Secure Mobile Payments
- Supports 1000+ credit unions and bank accounts
- Get exciting offers or rewards while making payments
Present Rating: 4.6
No of Downloads: 100 million +
8. Azimo
If you want to send money to your friend or family who is living in other countries instantly, then Azimo is the best app for this. It charges nearly a quarter of the bank or any other high street money transfer provider.
Features:
- Free first two money transfers
- 300,000+ Secure Cash Pick-Up Locations
- Instant money transfer in 80+ Countries
- Send money from 25 European Countries to more than 200 countries in the World
- Real-time Money transfer Updates
- No credit or debit card fees
Present Rating: 4.4
No of Downloads: 500K +
App URLs: Android app, iOS app
9. Payoneer
It is a leading cross-platform money transfer app for business and is focusing to streamline business transactions globally. There are millions of professionals who use Payoneer for their daily business needs. You can receive payments from your clients, marketplaces, and platforms. You can also pay your freelancers, service providers, suppliers, or contractors.
Features:
- Track your business payments at any moment
- Pay your VAT in multiple countries
- 24/7 customer care team in 20 languages
Present Rating: 4.1
No of Downloads: 1 million +
10. Square cash
This is an ultimate app to send, spend, save, and invest your money. It is a highly safe app that involves all working with a passcode. Pause spending on your Cash Card with one tap if you misplace it. All of your information is stored securely.
Features:
- Instant Sign-Up
- Instant sending and receiving money
- Order customized visa debit card from the app
Present Rating: 4.3
No of Downloads: 10 million +
11. Paypal
Long before all these mentioned apps, Paypal was ruling in the online money transactions industry. It is not only used to send and receive money but Paypal is widely used as a payment gateway in most of the e-commerce stores. With the Paypal app, you can send and receive money across different countries, different currencies, and many other benefits.
Features:
- Send and request money for free
- Get instant spending notifications
- Access your balance instantly with Paypal Cash Card
Present Rating: 4.3
No of Downloads: 100 million +
12. OFX Money Transfer
OFX is another global money transfer app that lets you make payments or receive money at better rates & lower fees in comparison to the banks. It is a highly secure platform for your funds’ safety. You can get live rates & currency trends on the app. Using this app, you can transfer money to 190+ countries and in 55+ currencies.
Features:
- Global Support Team available
- Easy to Register and Send Money
- Transfer tracking
Present Rating: 4.5
No of Downloads: 100K +
13. Transferwise
Transferwise lets you send money in 28 currencies with rates 8 times cheaper than traditional banks or street transfers. You can use it for sending money to your friends or family abroad, paying bills in another country. Millions have trusted the app.
Features:
- Real Exchange Rate
- Free multi-currency account
- Secure sending, receiving, and spending money
Present Rating: 4.3
No of Downloads: 5 million +
14. Western Union
Last but not least, the western union gives you the power to track a transfer and make it from your mobile device. There is a unique geolocation system by which you can get all services at one of the Western Union agents nearby. The app has pick-up cash points at 500,000 locations in more than 200 countries.
Features:
- Check currency exchange rates
- Send money to any account in any country
- Pay bills to thousands of international companies
Present Rating: 2.2
No of Downloads: 100K+
Read more: How AI Empowers the FinTech Industry in 2023?
Wrapping Up
The online money transfer app is a need of the hour. People are going digital and as they are ordering products and services online, they also expect to make payments digitally. There may be a day when there would be no need for cash. If you want to develop a similar app as listed above, you can hire the best mobile app development company such as Amplework Software. We are having expertise in developing such on-demand mobile applications. Please let us know your requirements and we will give you complete consultation and quote.
